Reports Regional

The decline in oil prices during the last quarter of 2014 casted doubts on the GCC governments’ ability to sustain the planned level of spending in 2015. However, the release of expansionary budgets by Saudi Arabia, Dubai and Oman set aside all such speculations.

Sembcorp Salalah: We will maintain our last week expectation“In line with OAB technical analysis, the RSI is above (30 point) it’s at 39.28 point, and the MACD is positive. The range from thecurrent price to RO 2.280 is a good entry point to accumulate. So we expect the next target level should be at RO 2.360 as a Mid-Term.”

Doha Bank: In line with OAB technical analysis, the stock now changed the trend from down to up channel. The stock crossed up the MA10, so we expect that the next Short-Term level should be at Qtr 62.00 In MACD both lines MA are crossed up zero line.

In line with OAB technical analysis, the RSI is above (30 point) it’s at 39.28 point, and the MACD is positive. The range from thecurrent price to RO 2.280 is a good entry point to accumulate. So we expect the next target level should be at RO 2.360 as a Mid-Term.

MENA region is home to many fertilizer companies and majority of them are state owned or are private companies. There are only few which are listed while the rest operate as affiliates of huge industrial entities...